Upper Serangoon residential site attracts strong bids
The tender for a residential site at Upper Serangoon Road / Pheng Geck Avenue (Parcel A) was closed yesterday, after attracting a total of 15 bids. The top bid was submitted by Clerodendrum Land Pte Ltd at S$185.17 million, or S$6,106.52 psm of gross floor area (GFA).“The top bid of...
Continue Reading • 12 Aug 2011
Prime property prices in major global cities continue to rise
Prices of prime properties monitored by Knight Frank's Prime Global Cities Index increased 6.8 percent year-on-year in June 2011, with Hong Kong experiencing the strongest annual growth of 16.1 percent.“Our latest results confirm that annual price growth in prime city markets has slowed...
Continue Reading • 11 Aug 2011
GCB market to remain tight
Median rents for Good Class Bungalows (GCBs), an exclusive category of bungalows with stringent planning guidelines, have been stable over the past few decades, according to The Business Times.Based on built-up area, the average rents for GCBs reached S$3.41 psf per month as of the second quarter...
Continue Reading • 11 Aug 2011
Home buyers can expect more luxury projects in Singapore
Home seekers can look forward to a string of luxury residential projects in some of the most prime locations in Singapore, such as Sentosa Cove, Ardmore Park and Nassim Hill, according to The Business Times.CB Richard Ellis (CBRE), one of the leading property consultancy groups in Singapore,...
Continue Reading • 11 Aug 2011
Bishan condo gets residents thumbs up
CapitaLand's new condominium project in Bishan Central has been given the thumbs up by design experts, as well as residents living in the area. Renowned international architect Moshe Safdie was commissioned to design the development. The 540-unit condominium will comprise two 38-storey...
Continue Reading • 10 Aug 2011
S'pore the 4th best city in the world: Savills
Singapore has been named one of the top 10 cities in the world, according to the Savills World Class Index of residential property markets.According to Property Wire, average prices in the index have risen 77 percent since the end of 2005.The index shows the widening gap among the rising...
Continue Reading • 10 Aug 2011
CDL sells another 115 units at Blossom Residences
City Developments Ltd (CDL) has sold another 115 units at Blossom Residences at Segar Road to second-time buyers or upgraders, increasing the number of total units sold to 319.Located along Segar Road at Bukit Panjang, the 602-unit executive condominium (EC) project is priced from S$548,000 for a...
Continue Reading • 10 Aug 2011
Boathouse Residences units snapped up despite cautious buying
About 90 units at Boathouse Residences, a Soho-concept apartment project at Upper Serangoon View, have been snapped up.Jointly developed by Far East Organization (FEO), Frasers Centrepoint and Sekisui House, the 99-year leasehold private condo features 493 residential units and one shophouse. The...
Continue Reading • 10 Aug 2011
Reits look good, especially for young investors
Real estate investment trusts (Reits) are considered one of the most accessible means of gaining exposure in the Singapore real estate market.“Young investors, who are constrained in capital, and yet would like to invest in real estate, could consider Reits as an alternative investment...
Continue Reading • 8 Aug 2011
Glomac luring Singapore buyers with new Msia projects
Malaysian property developer Glomac Bhd is showcasing three of its residential projects at its Singapore gallery in SGX Centre, according to Malaysia Property Inc (MPI).The developments are Glomac Damansara Residences and Mutiara Damansara Residences in Selangor, as well as Suria Residen in Kuala...
Continue Reading • 8 Aug 2011
More Singaporeans looking to India for good property deals
More Singapore buyers are setting their sights on properties in India, according to a Q2 survey done by PropertyGuru. The survey, which featured over 2,200 respondents found that 14% of those considering overseas property investments listed India as their top pick, behind Malaysia (37 percent)...
Continue Reading • 5 Aug 2011
Grand Tower at Novena fetches S$88.5m
Grand Tower in Novena has been sold for S$88.5 million (S$1,376 psf ppr), to 27MR Pte Ltd, a wholly-owned subsidiary of New Century Real Estate.With a total area of 21,742 sq ft, the freehold development site can potentially accommodate a new high-rise residential property with a maximum...
Continue Reading • 5 Aug 2011
Redevelopment site at Geylang Rd up for sale
A redevelopment site in the Geylang Conservation area has been put up for sale through a tender.Located at 693 Geylang Road, the 99-year leasehold property has a total area of 6,488 sq ft and a gross plot ratio of 2.8. Its marketing agent, Colliers International, said a two-storey building...
Continue Reading • 4 Aug 2011
New launches set to decline
New property launches are expected to decline, as developers defer project launches over the next few weeks.The decline could be attributed to the start of the Hungry Ghost Festival but property analysts believe that the uncertainty in the global economy poses a greater threat.According to a...
Continue Reading • 4 Aug 2011
Braddell View en bloc deal in limbo
The possibility of an en bloc sale of Braddell View HUDC estate is being hampered by its unique status.Out of 18 HUDC estates, Braddell View is the only one that has yet to be privatised or assigned for privatisation.This means that the 30-year-old estate, which has an area of 106,000 sq m,...
Continue Reading • 4 Aug 2011
REDAS teams up with property stock analysts for market intelligence
The Real Estate Developers' Association of Singapore (REDAS) is developing a relationship with property stock analysts, due to concerns following the weakening market sentiment and potential over-supply in the private residential sector throughout Singapore.According to The Business Times, REDAS...
Continue Reading • 3 Aug 2011
181 units sold at preview of euHabitat
Far East Organization (FEO) has sold 181 units at the preview of its most recent residential development, euHabitat.Located at Jalan Eunos, euHabitat offers a live-work-play environment with a unique blend of modern one-bedroom suites, condominiums, SOHO-style apartments and townhouses, with...
Continue Reading • 3 Aug 2011
Work starts on first ecological corridor in SE Asia
A groundbreaking ceremony was held last week for the development of Eco-Link@BKE, the first ecological corridor in Southeast Asia.Part of Singapore’s efforts to conserve biodiversity in its urban landscape, the Eco-Link will connect the country’s two largest nature reserves, the...
Continue Reading • 2 Aug 2011
Sales brisk over at euHabitat
Far East Organization (FEO) has sold more than 150 units at its euHabitat residential development in Jalan Eunos.According to a report, more than 200 units of the project’s 748 units were released during its preview last week. The 99-year leasehold private residential project comprises 233...
Continue Reading • 2 Aug 2011
Shoebox units popular with singles and expats
Shoebox apartments (units which are less than 500 sq ft in size) are becoming an increasingly popular choice among young singles and expatriate professionals in Singapore.Property consultants believe they offer healthy yields of three to four percent, depending on the project, while residential...
Continue Reading • 1 Aug 2011